Tax Increment District

The Village of Marathon City created Tax Incremental District No. 1 (TID No.1) and Redevelopment District No. 1 (RD No.1) on January 3, 2002, TID No. 1 and RD No. 1 were created to promote industrial development and to eliminate blight.

The amendment of TID No. 1 and RD No. 1 boundary added territory to expand the Business Park to the north of Highway 29 and added several parcels in the downtown. The amendment of also included additional public improvements that serve the TID, plus new projects located within the one-half mile radius of the TID boundary.

The purpose of the TID No. 1 and RD No. 1 amendment is to promote additional development and downtown revitalization. Cost associated with these activities within the TID or within the one-half mile radius of the TID are considered to be eligible for Tax Increment Financing.